In The Great Housing Bubble, I outlined both a A Free-Market Solution to Prevent Housing Bubbles and a regulatory solution to do the same. Today, we will explore a potential regulatory solution.
Asking Price: $600,000
Address: 62 Fringe Tree, Irvine, CA 92606
Asking Price: $565,000
Address: 143 Islington, Irvine, CA 92620
Lenders are completely in control of the pricing in many markets around California and the rest of the Country, and they control the lowest tier of the market here in Irvine. What will they do with their power?
Asking Price: $263,500
Address: 244 Lemon Grove, Irvine, CA 92618
Bonus question: Would you buy on a freeway?
Read the rest of this entry »Most homebuyers underestimate how much cash they really need to purchase a house. Back when houses provided money, this was less of a problem than it is today.
Asking Price: $930,000
Address: 75 Trailwood, Irvine, CA 92620
Right now there are more houses in some stage of foreclosure than there are current listings of properties for sale. The lifting of foreclosure moratoria is causing a spike in default notices. The second wave is building.
The owner of today’s featured property recently cut the price $100,000 in an effort to move it before the wave hits.
Asking Price: $499,999
Address: 26 Longshore #31, Irvine, CA 92614
See my profile of Oak Creek at Irvine Homes blog.
Read the rest of this entry »Four and one-half percent interest rates create some unique opportunites, defer some big problems, and create other problems. The policy will probably save the Federal Reserve’s member banks billions of dollars, and that is all they care about anyway.
Asking Price: $425,000
Address: 97 Weepingwood, Irvine, CA 92614
It is possible to significantly lower buyer’s commissions, but it will take a change of buyer behavior to do it. Today’s post shows how this could be done.
Asking Price: $189,900
Address: 365 Orange Blossom #140, Irvine, CA 92618
Read the rest of this entry »
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